1. Hello Guest Click here to check FX Binary Point Financial Directory

USD expected to appreciate further vs. EUR and JPY – GS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - In the view of analysts at Goldman Sachs Global Investment Research, the greenback remains well poised for further gains vs. its main rivals, EUR and JPY.

    Key Quotes

    “The divergence between the Fed and both the ECB and BoJ will continue to be one of the more durable themes of 2016, in our view”.

    “In the US, we believe ongoing improvement in the labour market and resilience in domestic demand will ultimately drive a Fed tightening cycle that is more hawkish than the market is currently discounting”.

    “And in Europe and Japan, the fragility of their economic recoveries and lower starting point for inflation mean that the policy stance will remain dovish and will lean against the Fed”.

    “Currencies are particularly sensitive to this divergence pressure and, despite the strength we have seen so far, we believe the USD has more room to appreciate vs the EUR and JPY”.
    For more information, read our latest forex news.

Share This Page